Torrid Holdings shares fall 14.50% after-hours after Q3 loss misses estimates, revenue declines, and analysts cut price targets.

Torrid Holdings (CURV) fell 14.5% in after-hour trading following a significant earnings miss and downwardly revised guidance. The company reported a third-quarter loss of $0.06 per share, far below the estimated $0.02 loss, while revenue of $235.2 million underperformed expectations and declined 10.8% year-over-year. Management attributed the shortfall to "execution missteps" in product assortment and markdowns, leading to a 8.3% drop in comparable sales. BofA Securities cut its price target to $2 from $6, citing ongoing operational challenges, while Telsey Advisory maintained a $2 target. Torrid also reduced 2025 guidance, projecting net sales of $995 million–$1.002 billion (vs. $1.015 billion–$1.030 billion previously) and adjusted EBITDA of $59–62 million (vs. $80–90 million). These developments, combined with a 56.4% year-to-date decline in shares, triggered the sharp after-hours sell-off.